Ontario · Receivership (court-appointed)
Supplemental First Report of the Receiver – dated September 17, 2024
Court officer report · 17 September 2024
Also filed as: Supplemental First Report of the Receiver – dated September 17, 2024; Supplemental First Report of the Receiver – dated September 17, 2024; Supplemental First Report of the Receiver – dated September 17, 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- operational summaryThe Receiver resolved Doosan Robotics' claim over seven robots included in the Rotalec Canada asset sale by agreeing, with Bank and purchaser consent, to carve the robots out of the sale to Continental Capital Investments Inc. and reduce the purchase price accordingly, with a separate sub-$50,000 sale of the robots directly to Doosan not requiring court approval.
- professional feesnote: Receiver's legal counsel, Fasken Martineau DuMoulin LLP, fees for the period from July 29, 2023 to August 31, 2024 totaled $41,321.45, as also approved in the same order. · party: Interim Receiver and Receiver (Richter Inc.) · amount: 197361.1 · period: July 12, 2024 to August 16, 2024 · currency: CAD
- purchaserContinental Capital Investments Inc.; Doosan Robotics Inc.
- report date17 September 2024
- report noSupplemental First Report
- sale outcometext: Receiver seeking approval of Amended APA reflecting carve-out of Robots and adjusted purchase price · scope: parcel · status: pending_approval